Rebel Foods secures US$210M in Series G funding to facilitate global expansion

INDIA – Leading cloud restaurant company Rebel Foods has announced it has raised US$210 million in its Series G funding round through a combined sale of primary and secondary shares.

Rebel Foods has secured funding to accelerate its expansion, strengthen its brand portfolio, and enhance its operational platform, capitalizing on the growing global demand in the food service industry.

The Series G funding round was led by Temasek, with participation from existing investor Evolvence.

Several early investors also exited, underscoring the company’s focus on delivering value to its stakeholders.

Avendus Capital served as the exclusive financial advisor for the transaction.

Jaydeep Barman, Co-Founder and CEO of Rebel Foods, expressed his gratitude, saying, “We are honored to have Temasek join us on our journey, alongside the continued trust of Evolvence. This funding reinforces our vision to strengthen our platform, expand our portfolio of brands, scale our omnichannel presence, and drive operational excellence globally.”

“As we enter this next phase of growth, we remain committed to innovation, sustainability, and creating lasting value for our customers and stakeholders.”

The funding round aligns with Rebel Foods’ aggressive growth strategy, which includes the recent launch of its second physical outlet for Oven Story Pizza in Vallabh Vidyanagar, Anand, Gujarat.

This move is part of the company’s plan to open 200 physical outlets within the next two years. The new Anand location emphasizes Rebel Foods’ commitment to providing innovative dining options across India.

In late November, the Competition Commission of India (CCI) approved a stake acquisition by Singapore’s sovereign wealth fund, Jongson Investments, in Rebel Foods.

The new outlet in Anand, located on Anand-Vidyanagar Road, caters to the city’s vibrant student community, offering a unique dining experience.

Rebel Foods is reportedly planning a public listing by mid-2026, with early investors such as Coatue Management, Lightbox, and Peak XV Partners expected to sell part of their 20-25% stake.

The company operates over 450 cloud kitchens across more than 70 cities in India and has expanded internationally to the UAE and UK. Its portfolio includes prominent brands like Faasos, Behrouz Biryani, Oven Story Pizza, and more, along with its direct-to-consumer platform, EatSure.

Sign up HERE to receive our email newsletters with the latest news and insights from Africa and around the world, and follow us on our WhatsApp channel for updates.